Myrna is a loving mother of two children. Her children are both in college level of education, and they attend classes. Myrna has always seen that her children have enough money for going to school, including their other needs in school, like projects and tuition fees.
Myrna is 41 years of age. Her husband is a farmer, and a tricycle operator as well. Myrna engages in a sari-sari (convenience store) business in their village. She sells snack foods, beverages and condiments, like cooking oil, vinegar and soy sauce. She also sells some vegetables.
Myrna wants to diversify the items she currently sells. She is asking for a loan of PHP 40,000 to buy spices, powdered juice, canned goods, and breads. In the future, her children will finish their education as a result of income she earns from the business, and they will become professionals some day.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.